Cuba to set new, variable fuel prices as US blockade squeezes supply

Cuba will announce new, variable fuel prices at the pump from May 15 to better reflect the "actual" costs of importing gas and diesel amid an ongoing U.S. fuel blockade, the Ministry of Finance and Prices said on Tuesday.



The announcement follows two straight weeks in which fuel has all but disappeared from state-run gas stations in the capital Havana as the U.S. blockade has largely strangled supply and led to strict rationing.



The shortages have forced most Cubans to park the few remaining gas-powered vehicles, four months after U.S. President Donald Trump threatened to slap tariffs on any nation exporting fuel to Cuba, effectively laying siege to Havana.



Cuba's government said some avenues for importing fuel still exist despite the Trump measures but new prices would vary depending on the supplier, shipping costs, routes, insurance, related risks and fluctuations on the international markets.



Prices will be posted publicly and could vary from gas station to gas station, the statement said.